Northern Trust Corporation (NASDAQ:NTRS) Position Lifted by QS Investors LLC

QS Investors LLC lifted its stake in Northern Trust Corporation (NASDAQ:NTRS) by 38.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,013 shares of the asset manager’s stock after purchasing an additional 1,107 shares during the period. QS Investors LLC’s holdings in Northern Trust Corporation were worth $390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NTRS. Huntington National Bank lifted its stake in Northern Trust Corporation by 54.0% in the second quarter. Huntington National Bank now owns 1,089 shares of the asset manager’s stock worth $106,000 after acquiring an additional 382 shares during the period. Dupont Capital Management Corp purchased a new stake in Northern Trust Corporation in the second quarter worth about $107,000. Bessemer Group Inc. lifted its stake in Northern Trust Corporation by 16.9% in the second quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock worth $143,000 after acquiring an additional 211 shares during the period. Atria Investments LLC purchased a new stake in Northern Trust Corporation in the second quarter worth about $200,000. Finally, Legacy Capital Partners Inc. purchased a new stake in Northern Trust Corporation in the second quarter worth about $204,000. Hedge funds and other institutional investors own 82.00% of the company’s stock.



In other Northern Trust Corporation news, EVP Aileen B. Blake sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $90.00, for a total value of $90,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William L. Morrison sold 11,058 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $94.34, for a total value of $1,043,211.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 351,382 shares of company stock valued at $32,908,051. 1.27% of the stock is owned by company insiders.

A number of analysts recently weighed in on NTRS shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Northern Trust Corporation in a research note on Friday, August 18th. Bank of America Corporation set a $102.00 price target on shares of Northern Trust Corporation and gave the company a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Northern Trust Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Morgan Stanley increased their price target on shares of Northern Trust Corporation from $83.00 to $91.00 and gave the company an “underweight” rating in a research report on Thursday, October 19th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $92.00 price target (up from $90.00) on shares of Northern Trust Corporation in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Northern Trust Corporation currently has an average rating of “Hold” and a consensus price target of $97.07.

Shares of Northern Trust Corporation (NASDAQ:NTRS) traded down 0.03% during trading on Friday, hitting $95.49. 174,607 shares of the company traded hands. The company has a 50-day moving average of $91.46 and a 200-day moving average of $90.71. The stock has a market capitalization of $21.82 billion, a PE ratio of 21.68 and a beta of 0.93. Northern Trust Corporation has a 52-week low of $71.32 and a 52-week high of $99.30.

Northern Trust Corporation (NASDAQ:NTRS) last posted its earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.08. Northern Trust Corporation had a return on equity of 12.33% and a net margin of 20.27%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business earned $1.11 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. Equities analysts expect that Northern Trust Corporation will post $4.70 EPS for the current year.

Northern Trust Corporation announced that its Board of Directors has authorized a share buyback plan on Tuesday, July 18th that permits the company to repurchase 9,500,000 shares. This repurchase authorization permits the asset manager to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Thursday, November 30th. Northern Trust Corporation’s dividend payout ratio is currently 37.17%.

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About Northern Trust Corporation

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

Institutional Ownership by Quarter for Northern Trust Corporation (NASDAQ:NTRS)

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